We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. We appreciate you using our links!!!
The broad strokes: You need to buy at least 25k points to receive a 100% bonus, and then you’re off and running. What’s even better on this go around is IHG increased the max purchase to 250k points. That menas you can buy up to 500k points at just 1/2 of 1 penny per point.
Just a little FYI…Their best ever price = $0.005 per point. So this is a bit more expensive
I’ve listed a couple different ways that this can be beneficial to you ( other than shoring up an account), but as with any point currency, I never recommend speculatively buying points. Ends on May 3rd, 2020.
3k points or more = 100% bonus
Maxing out the deal will set you back a $1500 and net you 255k points.
The best deal we’ve seen is buying 250k with 100% bonus to net out at 500k for $2500.
A couple of ways to get a great deal
Let’s take a look at the Intercontinental Paris Le Grand in Paris next summer. I stayed at the hotel in January 2019, and it’s in a great location. It’s currently in the midst of a renovation, but our room was quite large by Paris standards, and let me tell you, rates can get insane!
Parisian hotels can get absolutely ridiculous. Case in point…look at these prices: An average of $550 Euros a night…or over $600, that is prohibitively expensive for most any budget. But…points are available as well at 70k a night. With this deal…it’s $400 a night. However…that’s still a bit pricey and we can get that rate down even more when paired with the right card.
IHG recently introduced dynamic award pricing – read this article about how you can score amazing deals
Stack this with the IHG Premier credit card for a great way to buy nights on the low low
Remember, award nights booked in accounts associated with Chase’s IHG Premier card get a 4th night free when booking. So this hotel would cost the same for 3 nights as 4…210k.
So the roughly $2400, 4 night stay becomes just 3 nights at $400 a night, or $1200. That’s half price.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 80k Bonus Points after $4k Spend in 3 months + $50 grocery credit
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥2x on travel
♥2x on dining
♥1x on all purchases